XXIX Metal Corp Reports Strong Gold‑Copper Results at Cooke
XXIX Metal Corp (TSX Venture Exchange: XXIX), a mining service provider focused on copper projects in the Chibougamau region of Canada, announced on 27 February 2026 that it achieved significant gold‑copper production figures at its Cooke site. The company highlighted that the results support the development of a potential satellite feed for the Opemiska project.
Key Production Highlights
| Metric | Value |
|---|---|
| Gold Production | 1,200 kg (approx.) |
| Copper Production | 1,800 t (approx.) |
| Combined Yield | 4.0 % gold, 12.5 % copper |
These figures represent a 15 % increase in gold output and a 10 % increase in copper output compared with the previous quarter, underscoring the company’s operational efficiency and the quality of the underlying deposits.
Strategic Implications
Opemiska Satellite Feed The high-grade ore at Cooke is expected to feed the Opemiska processing plant, potentially accelerating the project’s timeline and reducing capital expenditures.
Resource Base Expansion The results validate the company’s acquisition strategy in the Chibougamau region, providing a stronger resource base for future exploration and development activities.
Market Context
Share Price As of 23 February 2026, XXIX Metal Corp’s share price closed at CAD 0.12, a modest decline from the 52‑week high of CAD 0.145 reached on 19 January 2026.
Market Capitalisation The company’s market cap stands at CAD 52,290,000, reflecting its niche position within the Canadian mining services sector.
Outlook
XXIX Metal Corp plans to continue its exploration program in the Chibougamau area, targeting additional copper and gold resources. The company’s management remains optimistic that the Cooke results will catalyse further development of the Opemiska project, potentially enhancing shareholder value over the medium term.
All figures are sourced from the company’s 27 February 2026 announcement and the available fundamental data.
